No, they are wiping the floor with other companies. Both Panasonic and Olympus are great clever companies and they cooperate (new sensor for Oly..). I prefer Panasonic GH2, it´s undoubtedly the King. It has what I want, the best image quality of all M43 and best HD video quality of all VDSLRs. Just try to look through GH2 EVF. I assure you, that full HD 24p/24mbps from 60p sensor (GH2) is different to full HD 60i/17mbps from 30p sensor (E-P3). Or do you think consumer level is better than semi-pro? And as for still image quality, look at the comparsion:
http://dpreview.com/previews/olympusep3/page10.asp
to see the tiny difference between these cameras.

New Oly lenses are lovely and I wish they are compatible with continuous video AF on GH2.